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LONDON:Oil prices were down for a seventh straight session on Friday near three-month lows and heading for a weekly loss of over 6% as new lockdowns in countries facing surging cases of the Covid-19 Delta variant dampened the outlook for fuel demand.Broader investor risk aversion also weighed on oil with the US dollar jumping to a nine-month high on signs the US Federal Reserve is considering reducing stimulus this year. ldquo The spread of the Delta variant amid moderating economic growth and prospects of tighter monetary policy are creating short-term ripples
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